Frazier Life Sciences Adds Highly Experienced Biopharmaceutical Executive to Team

MENLO PARK, Calif. – Frazier Life Sciences announced the addition of Tao Fu as a Venture Partner. He has over 25 years of business development, general management, operations, strategy, and commercial leadership experience in the pharmaceutical and biotech industry.

Mr. Fu most recently served as President & Chief Operating Officer and then Chief Strategy Officer for Zai Lab, a publicly-traded biotech company listed on both NASDAQ (ZLAB) and Hong Kong, where he held a broad set of responsibilities including strategy, operations, business development, CMC, quality, and other corporate functions.

Prior to Zai Lab, Mr. Fu was Executive Vice President, Chief Commercial and Business Officer of Portola Pharmaceuticals (NASDAQ: PTLA), a publicly-traded biotech company specializing in cardiovascular disease and cancer. In this role, he led Portola’s commercial operations, marketing, sales, and business development.

Mr. Fu was previously Vice President, Head of M&A and Alliance Management at Bristol MyersSquibb (BMS), leading the company’s corporate development, alliance management and venture capital investing activities.

Prior to BMS, Mr. Fu worked at Johnson & Johnson (J&J) for 11 years, holding a number of leadership positions with increasing responsibilities, most recently as Vice President, Head of M&A, responsible for J&J’s global M&A activities in the pharmaceutical sector.

Over his career, Mr. Fu oversaw and was the primary deal negotiator for over 50 high-impact business development transactions. Earlier in his career, he worked at Scios Inc., a biotech company in California, and McKinsey & Company.

Mr. Fu received an MS in biology from the University of Rochester, and an MBA in finance and marketing from Vanderbilt University. He did his undergraduate studies in biology at Tsinghua University and is a Chartered Financial Analyst (CFA).

“We are excited to have Tao join our team,” said Managing Partner Jamie Topper. “He is a highly experienced biopharmaceutical executive who will help us identify, evaluate, and transact investment opportunities for our company creation efforts.”

About Frazier Life Sciences
Frazier Life Sciences invests globally in private and publicly-traded companies that discover, develop, and commercialize innovative biopharmaceuticals. Frazier Life Sciences funds comprise over $3.3 billion in capital raised, including venture funds focusing on company creation and private companies, and a public fund focused on small and mid-cap public companies. Since 2005, 61 Frazier Life Sciences portfolio companies, many of which were created or seeded by Frazier, have completed IPOs or M&As. The Frazier Life Sciences team consists of over 40 professionals with deep expertise in biopharmaceuticals, primarily located in Menlo Park, California (headquarters), San Diego, Seattle, Boston, New York, and London.

For more information about Frazier Life Sciences, please visit www.frazierhealthcare.com/lifesciences.

Press Contacts
Frazier Life Sciences
Kate Schykerynec
Phone: 650.325.5156
Email: kate@frazierhealthcare.com

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Frazier Life Sciences Closes $987 Million Venture Fund to Invest in Companies Developing Novel Biopharmaceuticals

MENLO PARK, Calif. – Frazier Life Sciences announced today the closing of Frazier Life Sciences XI, L.P. (“FLS XI”), exceeding its target of $800 million and raising more than $987 million in capital commitments in an oversubscribed fundraise. FLS XI is Frazier Life Sciences’ fourth venture fund focused on biopharmaceuticals and represents a continuation of the team’s investment strategy of advancing innovative therapeutics through company creation, early-stage venture (Series A and Series B), and crossover and public investing.

FLS XI will be led by Managing Partners Patrick Heron and James Topper and General Partner Dan Estes, who have been with Frazier for 24, 20, and 12 years respectively. They lead an experienced team comprised of over 40 professionals who have a collective 700 years of experience in founding, operating, and investing in companies developing biopharmaceuticals. Company creation will continue to be a core strategy in FLS XI; since 2005, Frazier Life Sciences has created 27 companies, ranging from spinouts of clinical-stage assets from pharmaceutical companies to de novo discovery efforts against novel targets. Company creation examples include Phathom Pharmaceuticals (NASDAQ: PHAT), Arcutis
Biotherapeutics (NASDAQ: ARQT), Lengo Therapeutics (acquired by Blueprint Medicines), and Mavupharma (acquired by AbbVie).

“We sincerely appreciate the continued support of our limited partners, many of whom have been value-added partners since our first dedicated Life Sciences fund in 2016,” said Managing Partner Patrick Heron. “We are also thrilled to welcome some of our public fund investors to FLS XI, as well as a handful of new, high-quality institutional investors.”

FLS XI is the successor fund to FLS X, a $617 million venture fund raised in 2020. Frazier Life Sciences also raised an $830 million public fund (Frazier Life Sciences Public Fund L.P, “FLSPF”) in 2021, which is an evergreen vehicle to invest in public companies and late-stage private companies developing novel biopharmaceuticals. Managing Partner Albert Cha and General Partner Jamie Brush are the co-Portfolio Managers for FLSPF.

”Between FLS XI and FLSPF, we have over $1.8 billion of active funds to support biopharmaceutical companies at all stages of growth, from company formation through public offerings,” said Managing Partner Jamie Topper. “We are excited to back exceptional entrepreneurs – many of whom we have backed before – to discover and develop therapeutics for patients, leveraging the amazing advances in biology and medicine that have accelerated in recent years.”

About Frazier Life Sciences
Frazier Life Sciences invests globally in private and publicly-traded companies that discover, develop, and commercialize innovative biopharmaceuticals. Frazier Life Sciences funds comprise over $3.1 billion in capital raised (as of March 2022), including venture funds focusing on company creation and private companies, and a public fund focused on small and mid-cap public companies. Since 2005, 61 Frazier Life Sciences portfolio companies, many of which were created or seeded by Frazier, have completed IPOs or M&As. The Frazier Life Sciences team consists of over 40 professionals with deep expertise in biopharmaceuticals, primarily located in Menlo Park, California (headquarters), San Diego, Seattle, Boston, New York, and London.

For more information about Frazier Life Sciences, please visit www.frazierhealthcare.com/lifesciences.

Press Contacts
Cogenta Communications for Frazier Healthcare Partners
Theresa Maloney
Phone: 415.225.5261
Email: theresa@cogentacom.com

Frazier Life Sciences
Kate Schykerynec
Phone: 650.339.9602
Email: kate@frazierhealthcare.com

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